NEAR slides 6% in a day – Here’s why traders expect more losses

NEAR Protocol's native token fell roughly 6% in a single day after failing to hold the $4.30 support level amid sustained selling pressure, with traders now eyeing a potential slide toward $2.81 in the coming weeks. The breakdown below $4.30 marks a key technical failure for NEAR, which had been defending that level as near-term support before sellers overwhelmed bids. Traders attribute the bearish outlook to weakening momentum and the token's inability to absorb recent supply, suggesting downside risk remains elevated unless buyers reclaim the lost level. Market participants are watching whether $2.81 — a prior demand zone — can act as the next floor, while a recovery above $4.30 would be needed to invalidate the bearish thesis.